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Mohit Industries Limited (MOHITIND) — Technical Setup
₹19.59 +1.08% Weak Downtrend Normal Volatility Strong bearish
Summary
Mohit Industries Limited is in a weak downtrend on the daily chart, with the weekly trend bearish and the monthly trend bearish. RSI(14) is 38.5, MACD is below its signal line, ADX reads 9 (weak trend). The stock trades 15.8% below its 200-day average and 43.7% below its 52-week high. Volume in the latest session was 0.5× its 20-day average. Over three months it has underperformed the Nifty 50 by 28.6 percentage points. Nearest support is ₹18.80 and resistance ₹22.05. Its technical score is 15/100 (strong bearish).
🧮 How the 15/100 is built
Five components, 20 points each. Every rule is shown with the points it earned — the score describes the chart as it stands today; it is not a prediction.
- Close above 20-day EMA (-5.11)0/3
- 20-day EMA above 50-day EMA0/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA (-15.84)0/3
- SuperTrend (10,3) pointing up0/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (8.58)1/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (38.53)0/6
- MACD line above its signal line0/4
- MACD line above zero (-0.82)0/3
- 12-day rate of change positive (-7.02)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-28.58)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.44)0/5
- More volume on up days than down days (20 sessions) (0.56)0/5
- Close above 20-day VWAP (-5.73)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (7.90)0/6
- Price in the upper half of its Bollinger Bands (0.23)2/5
- Shallow drawdown from the 52-week high (-43.71)0/5
- Volatility contracting (20-day volatility below its 6-month median) (58.40)0/4
- Room to the next resistance (≥8% scores full) (12.56)5/5
- Support close below (a tight, definable stop) (4.03)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-43.71)0/5
🧭 Regime: Weak Downtrend
Normal Volatility — Bollinger width is in the 78th percentile of the last six months.
Suits: Defensive. Price is below its averages. Oversold bounces happen, but the path of least resistance is lower — wait for a base.
Classified from ADX, the 20/50-day EMA stack and price's distance from the 50-day average; volatility from band-width and ATR expansion.
Opens the AI Backtester with the SuperTrend (10,3) rules for MOHITIND — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | ▼ Bearish | 40.22 | -0.68 |
| Weekly | ▼ Bearish | 38.99 | -0.34 |
| Daily | ▼ Bearish | 38.53 | -0.08 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bearish, weekly ADX 27.46.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks.
💪 Relative strength
MOHITIND ÷ Nifty 50, rebased to 100 a year ago. Rising = outperforming.
🧱 Support & resistance
Clustered swing highs and lows from the last year; “touches” is how many swings formed the level.
| Level | Price | Distance | Touches |
|---|---|---|---|
| Resistance | ₹29.89 | +52.6% | 2 |
| Resistance | ₹26.39 | +34.7% | 9 |
| Resistance | ₹24.00 | +22.5% | 1 |
| Resistance | ₹22.05 | +12.6% | 12 |
| Close | ₹19.59 | — | |
| Support | ₹18.80 | −4.0% | 2 |
52-week range: ₹18.60 – ₹34.80 (-43.71% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹29.79 (2026-08-05) to ₹19.00 (2026-10-23). Price has retraced 5.5% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹21.55 | +10.0% | nearest |
| 38.2% retracement | ₹23.12 | +18.0% | |
| 50.0% retracement | ₹24.39 | +24.5% | |
| 61.8% retracement | ₹25.67 | +31.0% | |
| 78.6% retracement | ₹27.48 | +40.3% | |
| 127.2% extension | ₹16.07 | -18.0% | |
| 161.8% extension | ₹12.33 | -37.0% | |
| 200.0% extension | ₹8.21 | -58.1% |
Next Fibonacci time zone: 89 sessions from the swing start ≈ 2026-12-14 (approximate — exchange holidays are not modelled).
🕯️ Candlesticks (last 5 sessions)
- Inverted Hammer 2026-11-12 bullish Moderate · 60
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
No regular divergence on RSI, MACD, OBV, MFI or Stochastic at the latest swings.
✅ Screens MOHITIND passes today
⚠️ Educational technical analysis computed automatically from end-of-day NSE prices — not investment advice. Flash Finance is not SEBI-registered. Indicators describe what price has done; they do not predict what it will do. Verify levels on a live chart and manage risk before acting.
